Alphabet said revenues for 2024 were $350.0 billion, an increase of 14% year over year, primarily driven by an increase in Google Services revenues of $32.4 billion, or 12%, and an increase in Google Cloud revenues of $10.1 billion, or 31%.

1. 01

   Alphabet said revenues for 2024 were $350.0 billion, an increase of 14% year over year, primarily driven by an increase in Google Services revenues of $32.4 billion, or 12%, and an increase in Google Cloud revenues of $10.1 billion, or 31%.

2. 02

   The company said cost of revenues for 2024 was $146.3 billion, an increase of 10% year over year, and operating expenses were $91.3 billion, an increase of 2% year over year. It added that the increase in operating expenses was partially offset by reductions in charges related to legal and other matters and charges related to office space optimization efforts.

3. 03

   Alphabet said operating cash flow for 2024 was $125.3 billion and capital expenditures were $52.5 billion. For 2023, capital expenditures were $32.3 billion. The company expects to increase, relative to 2024, its investment in technical infrastructure, including servers, network equipment, and data centers, to support the growth of its business and long-term initiatives, in particular in support of AI products and services.

4. 04

   Alphabet said total cash dividends for 2024, which were first paid in June, were $7.4 billion for Class A, Class B, and Class C shares combined, and repurchased shares for $62.0 billion. As of December 31, 2024, $44.7 billion remained available for Class A and Class C share repurchases.

Key figures

Fiscal year ended December 31, 2024

Revenue

$350.0B

Operating income

$112.4B

Net income

$100.1B

EPS

$8.04

Operating cash flow

$125.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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